LONDON (Alliance News) - Sphere Medical Holding PLC shares were trading higher early Wednesday after the company said its Proxima arterial blood gas analyser has been launched in Europe.
The monitoring and diagnostic devices company said Proxima has been launched at the International Symposium on Intensive Care and Emergency Medicine being held in Brussels.
Sphere said it will initially target sales in the Dutch, Belgian and German markets.
"Europe represents a significant opportunity for sales of Proxima. The support of our hugely experienced Medical Advisory Board and their endorsement of Proxima, will assist with the sales effort and we look forward to providing further updates on developments," said Sphere Chief Executive Wolfgang Rencken.
Sphere shares were up 8.2% to 20.025 pence on Wednesday, one of the best performers in the London Main Market.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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